contact | profile | register | prefs | faq | logout


[ Thread ] [ Post Followup ] [ Search Forums ] [ Politics ]
politics, not economics
User account number (aid):
3 Site Supporter
Posted by DC Warrior on 2012-06-27 06:44:44

The temporary payroll tax cut, while possibly being swamped by other events, is probably the one, economically speaking the STRONGEST one to stimulate economy and the employment.

By economic theory, it directly puts money into the hands of the people most likely to spend it, AND it directly reduces the cost of employment to employers. Yet, if you look at what the politicians are saying, they are worried about "links" to social security.

Moreover, the Republicans are still trotting out that "uncertainty is affecting investment" bs. The marketplace is awash with cash right now, and yes it's being invested - only it has nowhere to go right now because there is no demand. I think the Republican financiers and CEOs are telling their Senators and Representatives that they are holding back on investment because of uncertainty of regulation, but cmon, call BS. The bigger uncertainties are whether Europe is going to collapse, whether Congress is going to run us into a brick wall with sequestration, and the biggest of all, what will get Americans buying goods and services again? Regulation, schmegulation. Obama's been very mellow with the new regulation.

______________________________________

Lle naa haran e' nausalle.

Thread:

You must be registered and logged in to post. Please select an option:

Login with existing account
Create a new account

[ Thread ] [ Post Followup ] [ Search Forums ] [ Politics ]